| FHA Home
Improvement Loan - FHA Title 1 ...............................................................................
The Federal Housing Administration (FHA) makes it easier for
consumers to obtain affordable home improvement loans by allowing loans up to $25,000
without any equity in the home. In otherwords, the loan can exceed the value of the home.
The Title I program insures loans to finance the light or moderate rehabilitation of
properties, as well as the construction of nonresidential buildings on the property. This
program may be used to insure such loans for up to 20 years on either single- or
multifamily properties. The maximum loan amount is $25,000 for improving a single-family
home or for improving or building a nonresidential structure.
For improving a multifamily structure, the maximum loan amount is
$12,000 per family unit, not to exceed a total of $60,000 for the structure. These are
fixed-rate loans.
Eligible borrowers include the owner of the property to be improved,
the person leasing the property (provided that the lease will extend at least 6 months
beyond the date when the loan must be repaid), or someone purchasing the property under a
land installment contract.
Title I loans may be used to finance permanent property improvements
that protect or improve the basic livability or utility of the property--including
manufactured homes, single-family and multifamily homes, nonresidential structures, and
the preservation of historic homes. The loans can also be used for fire safety equipment.
Learn more about the FHA Title Loan loan and what is required from
you to  Qualify for the FHA Title 1
If you have equity in your home, you may be able to do a FHA cash-out refinance
Lastly, you may also try a home equity loan or credit line second
mortgage, get more information Home equity loans or a Low rate home
equity line of credit
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